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THB - RUB/ 1 = 3.27


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The Russian Central Bank has been interdicted by Western sanctions. It can't sell gold or forex through legal channels to prop up the ruble,

Maintaining the stability of a country's currency is the role of all central banks, and they are normally sacrosanct in the world financial system. Blocking one of them out is unprecedented.

I expect the ruble to fall further, wars cost money.

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